ENN - Electric News.net
Free e-mail alerts & newsletter - Sign up here
Free e-mail alerts & newsletter - Sign up here
News
 
COLT Ireland

News sites look to online makeovers
Irish news websites are opting for a new look to attract new readers -- and ultimately more advertising revenue.
More here

 

Survey
Let us know how to make ENN better!
Take our reader's survey.
::MARKETS

Novell posts second-quarter loss
Thursday, May 31 2007
by Charlie Taylor

Novell reported a second-quarter net loss of USD2.2 million, or USD0.01 a share, compared to net income of USD3.2 million, or USD0.01 per share, a year ago.

Latest ENN headlines
Podcast: Neil Edwards, dotMobi
For the record 1 June
News sites look to online makeovers
Events: MARKETS

The networking software firm, which employs over 120 staff at its Irish headquarters in Dublin, said that net revenues totalled USD239 million versus USD233 million for the second fiscal quarter of 2006.

The company reported USD19 million in revenue from Linux Platform products, up 83 percent year-on-year, and USD29 million of invoicing, up 114 percent compared to the same three-month period last year.

Novell added that revenue from Identity and Access Management was USD23 million, up 5 percent year-over-year, while revenue from Systems and Resource Management fell 4 percent to USD32 million. Revenue from Novell's Workgroup business unit also declined 4 percent from the year ago period to USD84 million.

"We were pleased with the overall results this quarter. We saw continued strength in our Linux business, improvement in our Identity business and better-than-expected results in Workgroup. Additionally, we benefited from the impact of cost control measures," said Ron Hovsepian, president and CEO of Novell.

Hovsepian, who took over as head honcho at Novell last June after the ousting of former CEO, Jack Messman, added that he believed the business was moving in the right direction and was on track to achieve its fiscal 2007 exit rate operating margin target, of between 5 percent and 7 percent.

Looking ahead, Novell said that for the full fiscal year 2007 net revenue is expected to be between USD925 million and USD955 million.

In related news, the Free Software Foundation which owns rights to some of the code behind Linux software has confirmed that it doesn't intend to carry out its threat to punish Novell over its controversial link-up with Microsoft.

The foundation had been considering restricting access to components of Linux that it held the copyright with following the firm's announcement that it was cuddling up to Microsoft.

Under the arrangement, which was announced in November, Microsoft will officially recommend Novell's Suse Linux Enterprise for customers who want to run both Windows and Linux.

Novell's Irish arm, which is based out in Sandyford, carries out a number of functions on behalf of Novell EMEA, including software localisation, manufacturing, distribution, financial control, treasury and the sales operation for Irish customers and partners.

Track this story's companies and topics
Novell Create alert
markets Create alert
Linux Create alert
Define your own keyword alert
::Send story to a friend
::Print this story

Search

Subscribe
Change your ENN Newsletter and alerts preferences here.
Not a member?
It's free - signup now.
Build quality newsletters with ease - 30 day trial - click here

Weekly Digest
Read a roundup of the top tech stories with our Weekly Digest .

Jobs




 

© Copyright ElectricNews.Net Ltd 1999-2007.